Market Commentary
Global markets
US market closed green on Wednesday on US – Iran ceasefire extension. Dow Jones closed up by 0.7 pct. While Nasdaq closed higher by 1.6 pct.
Asian markets
Asian markets trading lower in the early morning trade. Hang Seng trading down by 0.9 pct. While Nikkei closed up by 0.4 pct.
| Global Indices | % Change | ||
| Last Close | 1 day | YTD | |
| Dow Jones | 49,490 | 0.7 | 3.0 |
| Nasdaq | 24,657 | 1.6 | 6.1 |
| Hang Seng | 25,933 | -0.9 | 1.2 |
| Nikkei | 59,585 | 0.4 | 18.2 |
Commodities
Gold prices fell and currently stood at USD 4,708 over Middle East uncertainty. On the other hand, oil prices stood at USD 103.87/bbl.
| Commodities % Change | ||
| Last Close | 1 day | |
| Gold ($) | 4,708 | -0.9 |
| Silver ($) | 75.90 | -2.4 |
| Brent Crude ($) | 103.87 | 2.4 |
Indian Indices
India’s equity benchmarks are likely to open gap down as GIFT Nifty indicates. Benchmark Indices closed negative on Wednesday, dragged by IT stocks after weak earning performance.
Result Today – Infosys
| Indian Market | % Change | ||
| Last Close | 1 day | YTD | |
| Sensex | 78,516 | -1.0 | -7.9 |
| Nifty | 24,378 | -0.8 | -6.7 |
| Nifty Bank | 57,124 | -0.4 | -4.1 |
| Nifty Midcap 100 | 60,201 | 0.2 | -0.5 |
| Nifty Smallcap 100 | 17,840 | 1.1 | 0.7 |
| Moving Averages | ||
| Nifty 50 | Nifty Bank | |
| 50 DMA | 24,348 | 56,979 |
| 100 DMA | 25,083 | 58,192 |
| 200 DMA | 25,140 | 57,270 |
| Institutional Activity | Rs crore | |
| Cash | YTD | |
| FII | -2078 | -216,504 |
| DII | -1048 | 287,276 |
Stocks to watch
| Positive Read through | Negative Read through |
| GE Vernova T&D – Parent company raises CY26 guidance across all segments and metrics | L&T Tech – CC sales fell 1.1 pct QoQ, no formal guidance for FY27 |
| Bharti Airtel – Airtel net adds 50.9 lakh users in March vs 40.8 lakh added in February | Havells – Cautious outlook, sharp raw material inflation across categories, gas availability remains an issue |
| Dynamatic – Signs MoU with Germany-based Aerodata to launch a reconnaissance solution | SBI Life – VNB margin at 28.4 pct vs 30.5 pct YoY, missed estimates on retail APE front |
| Mazagon – German defence ministry says to finalise $8 billion submarine deal within next 3 months | Delta Corp – EBITDA declined 34.7 pct, margin at 17.25 pct vs 23.33 pct YoY |
| BEL – Bags orders worth Rs. 5.69 bn, since last disclosure | BCCL – Posted EBITDA loss vs EBITDA profit, sales down 15 pct YoY |
| Trent – Reported strong Q4, issues bonus issue of 1 share for every 2 shares held | OMCs/Paint Cos – Crude extends gains, Brent up 2 pct, at USD 102/bbl tracking West Asia updates |
| Infosys – Partners with OpenAI to accelerate enterprise AI transformation | |
| Tata Comm – Q4 sales above estimates, data business sales up 6.1 pct QoQ | |
| OFSS – EBITDA margin at 51.1 pct vs 44.6 pct, sales grew 20 pct YoY | |
| Nazara Tech – MeitY notifies online gaming rules, norms to come into effect on May 1 | |
| Jio Fin – Gets board nod for 50:50 JV with Allianz for general insurance business | |
| Eveready Ind – Commissions India’s only operating alkaline battery unit in Jammu | |
| Vodafone Idea – Net adds 1.03 lakh users in March vs 21,927 added in February | |
| Adani Green – Operationalises solar power project of 292 MW at Khavda, Gujarat | |
| Unimech – To acquire Hobel Bellows Private for Rs. 4.50 bn | |
| Lemon Tree – Signs new hotels in Raipur and Jalandhar | |
| ONGC/Oil – Crude extends gains, Brent up 2 pct, at USD 102/bbl tracking West Asia updates |
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